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Directories

Monday, August 20, 2012

In the end of June, the Financial Action Task Force (FATF) in a public statement reaffirmed the blacklisting of Iran and the Democratic People's Republic of Korea (DPRK). This public statement is an update to the FATF statement previously issued on 22 October 2010, 25 February 2011, 24 June 2011 and 16 February 2012.

The statement updated in June 2012 also listed jurisdictions with strategic anti-money laundering and combating the financing of terrorism deficiencies that have not made sufficient progress in addressing them - Bolivia, Cuba, Ecuador, Ethiopia, Ghana, Indonesia, Kenya, Myanmar, Nigeria, Pakistan, Sao Tome and Principe, Sri Lanka, Syria, Tanzania, Thailand, Turkey, Vietnam, and Yemen.

In its turn, in the public statement published on its website, the BVI FSC advised to note the concerns expressed by the FATF with respect to the above named jurisdictions, consider the money laundering and/or terrorist financing risks and apply appropriate or enhanced customer due diligence measures when dealing with customers or transactions involving any of these jurisdictions.